lawyersweekly.com.au

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Philip Lomax of Litica confirms increased insurance capacity

Litica has announced the acquisition of further insurance capacity to support its continued growth and expansion, which will allow it to provide up to around $40million of coverage on a per case basis (the largest in the ATE insurance market), with substantially more capacity available for portfolio transactions.

‘Return to sanity’ on regulating litigation funding welcome, says Maurice Blackburn

lawyersweekly.com.au Maurice Blackburn

Andrew Watson, national head of class actions at Maurice Blackburn, welcomes "the return to sanity on regulation of litigation funding” in Australia, while criticising recent Australian court decisions, such as the BHP shareholder case and the Ruby Princess case, as muddying the class actions landscape.

The need to get more value out of a lawyer’s hour

lawyersweekly.com.au Maurice Blackburn

Jacob Varghese of Australian law firm Maurice Blackburn marvels at how the digital revolution has bizarrely increased the overall cost of litigation despite the world becoming more productive in many other areas and points to litigation funding as a tool that corporate counsel should embrace - not to make litigation less expensive - but to make losing less expensive.

Australian Funding Partners goes into administration after $11.7m fine

Australian Funding Partners lawyersweekly.com.au

Australian Funding Partners (AFPL) has declared bankruptcy and gone into administration after being fined $11.7 million. AFPL was the funder behind the Banksia Securities class in which an Australian Supreme Court judge found that AFPL, as well as five lawyers, engaged in “egregious conduct in connection with a fraudulent scheme” whereby they intended to claim over $19 million in legal costs and funding commission from the Banksia settlement.

Litigation Finance Insider

Litigation Finance Insider

lawyersweekly.com.au

Philip Lomax of Litica confirms increased insurance capacity

‘Return to sanity’ on regulating litigation funding welcome, says Maurice Blackburn

The need to get more value out of a lawyer’s hour

Australian Funding Partners goes into administration after $11.7m fine

Recent Fundings

Bench Walk backs companion claim against Mastercard and Visa

LCM backs claim against Indian Government

Woodsford funds Dutch class action against Airbus

Delta funds arbitration against Tanzania

Funder News

Madoff Fraud Victims Benefit from Rising Recovery Rates

Record New Case Investments

Burford Capital Provides Update on Strong 2022 Business Activity

Interim results for the half year ended 31 December 2022

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